Waiver of License Requirements

Checkout our iOS App for a better way to browser and research.

The commissioner may waive the requirements of §56-6-410 for any person or class of persons. The factors taken into account in granting the waiver shall include, but not be limited to:

  1. Whether the person acting as an administrator is primarily in a business other than that of administrator;
  2. Whether the financial strength or history of the organization indicates stability in its continuity of doing business; and
  3. Whether the regular duties being performed as an administrator are such that the covered persons are not likely to be injured by a waiver of the requirements.


Download our app to see the most-to-date content.